Seacoast Banking Co. of Florida (NASDAQ:SBCF) Upgraded at StockNews.com

StockNews.com upgraded shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) from a sell rating to a hold rating in a research note released on Friday.

Several other equities analysts have also weighed in on SBCF. Raymond James reissued an "outperform" rating and issued a $31.00 target price (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. Stephens lifted their price objective on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.00.

Seacoast Banking Co. of Florida Trading Up 0.3 %

Seacoast Banking Co. of Florida stock traded up $0.07 during trading hours on Friday, reaching $22.60. 15,729 shares of the company's stock traded hands, compared to its average volume of 451,179. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 15.80 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. Seacoast Banking Co. of Florida has a fifty-two week low of $21.36 and a fifty-two week high of $31.68. The firm's 50 day moving average is $26.24 and its 200-day moving average is $27.32.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. On average, analysts predict that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 3.19%. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is currently 50.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Seacoast Banking Co. of Florida by 154.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider's stock worth $31,000 after purchasing an additional 679 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Seacoast Banking Co. of Florida in the 4th quarter valued at $34,000. GAMMA Investing LLC lifted its position in Seacoast Banking Co. of Florida by 38.0% during the 1st quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider's stock worth $43,000 after buying an additional 460 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Seacoast Banking Co. of Florida by 811.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock worth $73,000 after buying an additional 2,370 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Seacoast Banking Co. of Florida in the 4th quarter valued at about $76,000. 81.77% of the stock is owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.